Allstate
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Cat losses in August were below historical trends, but we are not in the clear just yet. -
IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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Cat losses in July were below historical trends, but all eyes are on peak hurricane season.
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Full-stack carriers fail to outclass incumbents with no clear platform differentiation.
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The research team presents the June cat heatmap.
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The losses were below May’s $777mn, but almost 3x higher than for June 2024.
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Allstate attributed the bulk of its losses to three major wind and hail events.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Two wind and hail events were responsible for 60% of the total.
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Insurers haven’t announced concrete steps – yet.
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But automotive repair costs are likely to increase faster than home repair.
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The Insurance Insider US news team runs you through the earnings results for the day.
